Google hits a home run. Parent company Alphabet’s first-quarter earnings, posted late Thursday, smashed analysts’ expectations. The Big Tech giant also said it would issue a $0.20 per share dividend, its first ever. Its stock surged 12% ahead of Friday’s opening bell.
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Southwest Airlines will stop serving Bellingham Airport in Washington state, Cozumel Airport in Mexico, Syracuse Airport in New York and Houston’s George Bush Airport, following Boeing delivery delays and mounting losses. The airline lost $218m in Q1, up from $163m the year prior.
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AI coding startup Cognition secures $175M investment from Founders Fund, brings valuation to $2B
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Russia seizes $440M from JPMorgan Chase, which it says had been frozen following the invasion of Ukraine
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ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban
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Tesla reports 9% drop in Q1 revenue, the biggest year-over-year decline since 2012; announces new models ahead of timeline, with shares rising over 13% in after-hours trading
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The New York Stock Exchange might become the trading venue that never sleeps. The NYSE is reportedly considering remaining open 24 hours a day.
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Sagging consumer demand for electric vehicles has nudged automakers and dealers to slash prices.
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